Sony's Global TV Unit Shipments Finished Year Slightly Short of Recent Forecast

Sony sold 11.3 million TVs globally in the fiscal year ended March 31, slightly below the 11.5 million projected in its February forecast, said the company Friday. Including the 2.1 million sets shipped in fiscal Q4, which was a 16 percent reduction from the same quarter a year earlier, Sony sold 9 percent fewer TVs for the year and forecasts another 3 percent decline in fiscal 2019, it said. For the year, revenue in Home Entertainment & Sound declined 6 percent to 1.16 trillion yen ($10.35 billion) from “the strategic decision to focus on profitability” in TVs over unit volume, Sony said. Operating profit in the sector rose 4.5 percent to 89.7 billion yen ($803.53 million) because of the “shift” in the TV mix to “high value-added models,” it said.